According to a new market report published by Lucintel, the future of the global glass fiber textile market looks promising with opportunities in the in transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics and consumer goods. The global glass fiber textile market is expected to reach an estimated $10.2 billion by 2027 with a CAGR of 6.6% from 2021 to 2027. The major drivers for this market are increasing demand for durable, lightweight, non-corrosive components, continuous demand in Chinese and Indian markets.
In this market, woven roving, non-crimp, woven yarn, and continuous filament mat (CFM) / continuous strand mat (CSM) are used for various applications. Lucintel forecasts that woven yarn will remain the largest segment by value and volume and it is also expected to witness the highest growth over the forecasted period due to growth in electrical and electronic industry.
Within the global glass fiber textile market, electrical and electronics will remain the largest application by value and volume due to the growth of the printed circuit boards (PCBs) in the electrical & electronic industry.
APAC is expected to remain the largest region by value and volume due to growth in applications, such as electrical & electronics and wind energy. North America is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the glass fiber textile industry, includes high-performance textile for wind energy, high tensile glass fiber textile for construction market. Owens Corning, SAERTEX, CPIC Fiberglass, Jushi Group, and Taishan Fiberglass are among the major glass fiber textile manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global glass fiber textile market by application, by product form, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Glass Fiber Textile Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global glass fiber textile market by application, product form, and region as follows:
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Transportation
Marine
Wind Energy
Aerospace & Defense
Pipe and Tank
Construction
Electrical and Electronics
Consumer Goods
Others
By Product Form [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Woven Roving
Non-Crimp
Woven Yarn
CFM/CSM
By Region [Value ($B) shipment analysis for 2016 – 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 176-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/glass-fiber-textile-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global glass fiber textile market by application (transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, consumer goods, and others), product form (woven roving, non-crimp, woven yarn, CFM/CSM), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?